Loading ...Keep in mind, $19/oz before the 1929 crash, plus 80% is Gold $34/oz after the deflationary crash. These Days? $1800 plus 80% is only $3240/oz though. The 2020s today are far more distorted than the 1920s, so figure $6,000/oz or more.
And THATS with a smart people friendly Deflation. If total psychological confidence is lost with people dumping paper money on anything and everything causing a hyperinflationary collapse of paper money? There is no limit to how high Gold could get.
The commies must like inflation better than deflation. Note they are fighting against a deflation ie low rates. With inflation, any idiot like George Soros trading currencies, or Joe Sixpack can make big money on Apple or Tesla stock.
With Deflation, only smart people like Henry Ford, Andrew Carnegie, and Thomas Edison etc make money. They invented and produced things that people needed. Gamblers with too much money or credit just WIN money from each other and contribute nothing, other than driving up prices of stocks and real estate on themselves and others.